Gaming News

Magna gets OK to use $2 million to promote slots

MARYLAND -- As reported by The Baltimore Sun: "In a sign that pro-slots fundraising is heating up, the owner of Pimlico Race Course and Laurel Park has secured permission from its parent company to use up to $2 million to encourage voters to authorize slot machine gambling in Maryland this November, company officials announced.

"Canada-based MI Developments Inc., parent company of track owner Magna Entertainment Corp., will allow the gambling subsidiary to use part of a $100 million loan to 'fund costs associated with the up-coming Maryland slots referendum,' according to a statement made this week..."

< Gaming News